Wisconsin Deferred Compensation Program, Madison, hired Wilshire Associates as consultant to analyze the plan's stable value options, said Shelly Schueller, director of the deferred compensation program, in an email.
The $5.2 billion 457 plan issued an RFI in June for consulting firms that could potentially review various stable value options for the plan, as well as analyze record keeper Empower Retirement's proposal for its own custom stable value fund.
Since 1998, the plan's stable value option has been managed by Galliard Capital Management.
As of March 31, plan assets in that stable value option totaled $668 million.
Five firms responded to the RFI; there were no other finalists.